Breakdown of Economy Due to the Outbreak of COVID-19

Embarked in Wuhan,China 2019. The Corona virus has exerted influence on all over the world community. Nearly all over the countries have been pretentious and vaccination is now initiated by every government so far. Although the work process is ongoing to control the virus by lockdown the country, restrict the movement of the people. In this policy the global economy is currently seeing its worst downturn, especially nowadays in Sri lanka. Due to the pandemic situation of Sri Lanka on the 1st wave we could able to under control the effect of the virus. But, for the 2 nd wave the control was out of hand. This is a bleak outcome for the courtiers‟ economy as well as human livelihood. The scrutiny begins with COVID-19 scenario and then discusses the impact on the Sri Lankan Economy, Export & Imports, Tourism, Poverty, GDB etc. Information required for this review study was obtained from a variety of sources such as websites, blogs, and annual reports from the central bank, research articles. In this we identified different industry that is likely to be seriously affected by the COVID-19 pandemic. Although the recovery of global economic activity is likely to be a slow process, measures to achieve normalcy in domestic economic activities could enable Sri Lanka to record a faster recovery, as domestic demand accounts for a significant portion of aggregate demand in Sri Lanka.